Mizuho Has Lowered Expectations for Delek US (NYSE:DK) Stock Price

Delek US (NYSE:DK) had its target price cut by analysts at Mizuho from $26.00 to $25.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s price target would indicate a potential upside of 42.78% from the stock’s previous close.

A number of other analysts have also issued reports on the stock. Bank of America started coverage on shares of Delek US in a research report on Thursday, October 17th. They set an “underperform” rating and a $15.00 target price on the stock. Wells Fargo & Company lowered their price target on Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a report on Monday, December 9th. JPMorgan Chase & Co. upped their price objective on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Piper Sandler lowered their target price on shares of Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, September 20th. Finally, Morgan Stanley cut their price target on shares of Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note on Monday, September 16th. Six analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $21.00.

Delek US Stock Performance

Shares of DK stock opened at $17.51 on Monday. The stock’s 50-day moving average price is $17.90 and its 200 day moving average price is $20.44. Delek US has a 52-week low of $15.36 and a 52-week high of $33.60. The stock has a market capitalization of $1.11 billion, a PE ratio of -3.60 and a beta of 1.22. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18.

Delek US (NYSE:DK) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, beating the consensus estimate of ($1.71) by $0.26. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same period last year, the firm earned $2.02 EPS. The company’s quarterly revenue was down 34.3% compared to the same quarter last year. As a group, equities research analysts forecast that Delek US will post -4.4 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Rubric Capital Management LP purchased a new position in Delek US during the third quarter valued at approximately $37,500,000. Philosophy Capital Management LLC acquired a new position in shares of Delek US in the third quarter worth $21,471,000. Encompass Capital Advisors LLC acquired a new position in shares of Delek US in the second quarter worth $22,833,000. Point72 Asset Management L.P. purchased a new stake in shares of Delek US during the second quarter worth $19,806,000. Finally, International Assets Investment Management LLC boosted its position in Delek US by 1,753.2% during the third quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company’s stock valued at $12,160,000 after purchasing an additional 613,514 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Delek US Company Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.